Are you have a problem withdrawing money from trading account? Did you recently sign up with an online broker to start your trading career? Were you thinking about creating an extra steam of income to improve your financial conditions? However, you think that your boat is not going in the right direction. You entered some trades, made some profits, and now you want to withdraw money from your account. For some reason, you can’t get your money out of the account. Is it a sign that you are being scammed? Well, this situation can lead to many conclusions.
Let’s discuss all the possibilities so you can rule them out one by one. And if you are being scammed, you should take action immediately.
Problem Withdrawing Money from Trading Account – Possible Reasons
· You Haven’t Provided Proper Identification Information
You have to know that the best online brokers are going to ask for a lot of information from you when it comes to signing up with them and withdrawing money from your trading account. Why? Well, they always have the KYC policies in place, which compel them to ask from you a lot of personal information. However, all your personal information is going to help you at the end. The broker is going to keep this information associated with your account. Now, if someone tries to steal your information and sign up with your name, they can’t do that anymore. The broker will instantly know that they are using fake information.
So, while you will have to provide some personal information while signing up with the broker, you will have to provide even more information when you are making your first withdrawal. So, make sure that you provide this information to the broker so you can withdraw money.
· You Are Using a Different Credit Card
One of the most important steps that online brokers take to stop money laundering on their websites is that they ask you to use the same card or method for depositing and withdrawing money. So, if you are a new trader and you are about to make your first deposit, you should make sure that you use a method that you can use later as well. If you are using a credit card to deposit funds in your account, you will have to use the same credit card when it comes to withdrawing money from your account. If you don’t have access to this card, you might not be able to get the money out of your account.
Again, it needs to be reiterated here that the broker has this particular policy in place because of the anti-money laundering policies that all online financial institutions have to follow. They have to make sure that no one uses their platforms for laundering illegally earned money. So, if you are having a problem withdrawing money from trading account, you should make sure that you are using the same method that you used for depositing money in your account.
· Your Broker Is a Scam
Unfortunately, you are dealing with a scammer sometimes. You are having a problem withdrawing money from trading account only because the broker does not want you to withdraw any money. There are different ways online brokers use to make withdrawals impossible for traders. In some cases, they have certain conditions associated with your withdrawals. For example, they will ask you to make a certain profit on your trades before you can withdraw any money. Unless you make the profit that they have stated in their requirements, you cannot withdraw even a single penny.
However, when you look at their requirements, you find out that it is nearly impossible for you to follow them. In other words, you find out that you have made a mistake and signed up with a fake broker online.
Problem Withdrawing Money from Trading Account – You Can Withdraw It
If you are sure that your broker is shady and that’s why it is not letting you withdraw money from your account, you need to take action immediately. You have to contact the right people who can provide you with assistance in this scenario? Who will you contact? Well, you don’t have to go to a bank or some law enforcement agency personal. You can get in touch with a funds recovery company from the comfort of your home just like you trade from the comfort of your home. And when you are looking for the best team to help you with your money, there is no better option than Money-Back.
Money-Back has the right people on board who can provide you with all the help that you need to get your money back from an online scammer. Money-Back will first listen to you to assess your case. You will be offered a free first consultation with the professionals. You can explain your problem and make sure that you disclose all the details so the professionals can start working on your case immediately. After that, the lawyers from Money-Back call the broker instantly to inquire about the situation. They then intimidate the broker to return the money.
Why do they do this? Well, because most of the fake online brokers want to keep going with their fraud to make more money. For that reason, they are okay with returning the money of one individual. However, the person who has lost the money does not have any power and that’s why he/she cannot make the scammers listen to them. On the other hand, the scammer is bound to listen to the Money-Back lawyers, because these are professionals who can get the scammer’s website sealed. Once you have gotten in touch with Money-Back, you will not have any problem withdrawing money from trading account.
Please take all the necessary measures you can to ensure that you sign up with only a legitimate broker. The first thing you want to find out about an online broker is regulation. Make it a rule in life: sign up with only regulated brokers. In addition to that, never deposit all your savings in an online account. Go with the minimum deposit first – always! Once you have made sure that the broker you have signed up with is a legitimate broker, you can then go ahead and trade with more money.